Market Update
The pound rose against both the dollar and the euro overnight before steadying, recovering somewhat from seven-week lows but not fully participating in a market-wide relief rally from improving risk […]
Market Update
Sterling hovered at near two-month lows against the dollar and the euro, as talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations kept […]
Market Update
The U.S. dollar was set for a weekly gain and the Australian dollar for a 1% drop this week as the threat of a second wave of coronavirus infections rattled […]
Market Update
Sterling fell below $1.22 in early trading to its lowest level in more than five weeks as the combination of a stronger dollar and weak UK economic data hurt the […]
Britain’s economy shrank by a record 5.8%
Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the […]
Market Update
The pound rose slightly against the dollar in early London trading but fell versus the euro as Britain waited for announcements about the furlough scheme and how the UK’s plans […]
Market Update
Sterling dipped against the dollar as rising U.S. Treasury yields put the U.S. currency in demand, with investors cautious about the easing of coronavirus lockdown measures in Britain. As several […]
Market Update
The pound rose against the dollar and euro after the Bank of England held rates steady and announced no further stimulus, as expected, and suggested Britain’s economy could bounce back […]
Market Update
The pound recovered some losses against the dollar in early trading and rose against the euro, as investors grappled with the pound’s downside risks before the Bank of England’s meeting […]
Market Update
Sterling gained as demand eased for U.S. dollars, allowing the pound to recover some of its 1.5% loss this month. The pound ended April up 1.4% against the dollar on […]